Short term view is that wave ( A ) can reach as high as 95.95 before we get a pull back in wave ( B ) and higher again. We don’t like selling the pair in proposed wave ( B ) pull back and like pair trading higher after completing wave ( B ) pull […]

At EWF, we don’t pay attention to news & fundamentals and believe market is purely technical. EURUSD formed a high @ 1.3993 on 5.8.2014 on the day of last ECB meeting. Members knew ahead of the meeting that EURUSD was expected to form an intermediate peak between 1.3970 – 1.4045. Tomorrow is the next meeting […]

[jwplayer mediaid=”187525″]

DAX usually shows very clear Elliott wave structures in the market. 4 Hour chart of DAX shows Index is in a bullish cycle either from Mid-March or Mid-April. Starting from 3.14.2014 low, Index is doing a W-X-Y structure when wave Y is unfolding in 7 swings. Index has already hit our target of Y = […]

Preferred view is that wave “W” i.e. cycle from 0.8400 peak ended and wave X bounce is in progress. Following a pull back in wave B, expect more upside toward 0.8195 – 0.8200 region to complete wave X before decline resumes. We don’t like selling the pair in proposed wave B pull back. Once wave […]

Index has completed wave ((w)) at  9810 &  wave (( x )) pull back @ 9534. Move up from 9534 is taking the form of an impulse and can reach as high as 10050 before we get pull back in wave ( b ) and higher again. We don’t like selling the Index in any […]